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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Revision u/s 263 - in the fact situation of the case there was ...


Revision Powers u/s 263 Upheld: Incorrect Income Categorization by Assessing Officer Justifies Rectification.

January 29, 2021

Case Laws     Income Tax     HC

Revision u/s 263 - in the fact situation of the case there was no bar in invoking the powers u/s 263 - The income of the assessee from staffing, which was not an income from export of computer software was also allowed by the Assessing Officer without any application of mind and without any enquiry. - HC

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